Senior Special Assets Officer

Tri Counties Bank•Roseville, CA

1d•Onsite

About The Position

Responsible for the relationship management, collection and restructuring of the Bank’s problem loans. Approves transactions within delegated authority. Interacts with customers, other bank departments, the Bank’s Chief Credit Officer, examiners and auditors to report the risks of assigned loans. Negotiates sale or liquidation of the assets securing these loans when necessary.

Requirements

High school diploma or GED required.
Five years of experience in Special Assets, Commercial Lending or comparable positions.
Analytical and accounting skills to include the ability to analyze personal and business financial statements of many industries.
Demonstrated ability to interpret and underwrite the most complex commercial credits in the Bank with minimal guidance or oversight.
Subject matter expert across a broad range of credit topics including financial statements and cash flow analysis, legal concepts pertaining to workouts, collateral analysis.
Track record of appropriately utilizing credit approval authority to make sound workout recommendations on complex commercial credits in line with the Bank’s credit culture, policies and procedures.
Good knowledge of Bank rules, regulations and accounting (especially those factors that impact the Bank’s income statement and balance sheet such as grades, accrual/nonaccrual, TDR and impairment).
Must have the ability to train, mentor and supervise junior workout personnel.
Expert user of Bank systems, software, and third-party vendor platforms.
Possess leadership abilities in a team environment.
Assists the Department Manager in identifying training needs for staff within the department and generating ideas to improve department efficiencies.
Ability to supervise in manager’s absence.
Understanding of secured and unsecured lending practices, documentation and legal requirements.
Ability to understand and analyze real estate and personal property appraisals, especially difference in valuation methodologies that derive final values.
Excellent writing, verbal and interpersonal skills.
Willingness and ability to negotiate with troubled borrowers.
Ability to utilize personal computers and Windows driven programs.
Good understanding of Bank products and services.
Self-starter, good time management skills.

Nice To Haves

Bachelor’s degree preferred.
Undergraduate degree in Finance, Business Administration or Accounting, or related lending or workout experience preferred.
Experience in analyzing and understanding loans to Agriculture and Contactors preferred.

Responsibilities

Analyzes all risks (financial, collateral, structural and legal) of the bank’s higher risk loans to structure a workout solution that maximizes collection from these troubled borrowers in the most expeditious manner possible.
Makes recommendations, or approves under delegated authorities, credit, legal or collateral actions to retain or exit the relationship.
Negotiates with borrower to structure the workout to provide the best possible result to the Bank; bringing in outside consultants/specialists/attorneys and other bank departments as needed to assist with problem solving or the structure of a transaction.
Exercises sound credit and risk judgment in approving transactions/restructures.
Recommends approval when the transaction/restructure size exceeds authority limits.
Monitors the borrower’s workout plan and account activities to ensure timely repayment and to maximize collection as well as to anticipate and address problems to avoid unnecessary delays or future collection issues.
Evaluates collateral, loan documentation, and financial information to determine borrower’s ability to repay and deficiencies in documentation or collateral.
Develops repayment, collateral and documentation plan accordingly.
May represent the bank in court on litigations and bankruptcy cases.
Handles all activities necessary to foreclose on real property held as collateral.
Directs the liquidation of non-real property assets.
Analyzes and determines impact of bankruptcy filings; ensures protection of Bank’s position as a creditor.
Assesses and reports grading, nonaccrual and TDR issues as well as provides advice and counsel to lending units on the same and in the handling of troubled loans.
Maintains a current understanding of Bank underwriting guidelines, procedures, policies and compliance issues.
Maintains a knowledge of regulatory requirements for documentation and regulations relating to commercial lending as well as maintains a working knowledge of Consumer rules and regulations.
Maintains a current understanding of Bank policies and procedures in compliance with all federal and state laws, including but not limited to ECOA, Bank Secrecy Act (SARs, CIP, OFAC), Information Security (GLBA), Identity Theft Red Flags, Financial Elder Abuse Reporting, and any other applicable regulations.
Accurately and timely reports changes in risk ratings (grades), non-accrual or accrual status and troubled debt restructures.
Controls legal and other expenses associated with assets under management.
Performs additional duties and project as assigned.